Plan Ledger DOL Form 5500 · updated monthly

Foundation Properties Corporation401(k)

FOUNDATION PROPERTIES CORPORATION 401(K) PLAN · WICHITA, KS · plan year 2023

Reported admin expense ratio · 2023
1.77%

Foundation Properties Corporation reported $34,506 in plan administrative expenses for 2023: 1.77% of average plan assets, higher than ~90% of peers. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 1 year on file its reported administrative ratio rose from 1.62% to 1.77%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Kansas (753rd of 828), and 9,983rd of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$2,088,655
Participants with balances144
Active participants189
Employer contributions—
Employee contributions$185,921
Employer contribution per active participant—
Average account balance$14,505
Benefits paid to participants$171,956
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$2.1M · 144 accts
2022$1.8M · 150 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$34,506
Total administrative$34,506
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
ADMIN. GROUP, LLC DBA TAG RESOURCES · Recordkeeping · Loan processing$20,146
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$14,360

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADMIN. GROUP, LLC DBA TAG RESOURCES, Transamerica
2023ADMIN. GROUP, LLC DBA TAG RESOURCES, Transamerica

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Administrative cost history3
2024Not separately reported
2023$34,506 · 1.77%
2022$30,720 · 1.62%
Same employer
Similar plansHealth Care & Social Assistance · Kansas
Mirror, Inc. KS$2.4M · 1.17%
Wesley Towers, Inc. KS$2.0M · 0.66%
Bethany Home Association KS$2.0M · 0.17%
Kmh KS$1.6M · 0.48%
Wichita Children's Home KS$1.6M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 481213015 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.